Doug Casey coined the phrase 'stupid cheap prices'. Today we are writing about a company for which this label applies. The company we are writing about has a market capitalisation of $156M. Considering that the company also had $122M in cash and no debt at the end of May we can conclude that assets are currently valued at a mere $34M. A recent feasibility study came up with an NPV of $800M for the flagship project of this company. In other words: the company is currently selling at 1/24 of its asset value. Stupid cheap? Yes, stupid cheap it is.
The company is called Guyana Goldfields (OTCPK:GUYFF), and the flagship project mentioned above...
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